Sentences with phrase «personal bankruptcy exemptions»

These bankruptcy rules focus on personal bankruptcy exemptions.

In Canada, however, there are personal bankruptcy exemptions within certain monetary limits.

Not exact matches

The purpose of such exemptions is to permit debtors in bankruptcy to retain a modest amount of personal property and equity in their homes so that they can continue to maintain their lives, and to protect them from becoming homeless, unemployed, or otherwise dependent on the State.

Finally, you can't be a debtor in a Chapter 11 bankruptcy, and you can't have received advance payments of the premium tax credit for yourself, your spouse, or anyone you signed up for health insurance coverage who isn't being claimed as a personal exemption on someone else's tax return.

For more details on bankruptcy exemptions in your province and for answers to your other questions about bankruptcy and consumer proposals, please contact our personal Licensed Insolvency Trustee in your area and arrange for an initial consultation, free of charge.

If you file personal bankruptcy in Kitchener you are allowed to keep one motor vehicle with no liens or loans against it worth up to the current exemption limit.

Texas has generous bankruptcy exemptions that can protect your assets — namely your home, 401K and IRA retirement accounts, one vehicle per driving adult in your household, plus other personal property.

Cost of living adjustment for personal and real property exempt from application to the satisfaction of money judgments and exemptions in bankruptcy.

In a Chapter 7 case, the most common type of personal bankruptcy, the court doesn't allow an individual to keep their assets, but most exemptions allowed under state and federal law are large enough to cover a secured debt such as a house mortgage a car loan.

There are exemptions under the law that protect your furniture, your personal possessions, musical instruments, sports equipment, cars, so most people that have to file bankruptcy aren't looking at losing anything.

In a personal bankruptcy, also known as «individual bankruptcy» there are exemptions that allow you to protect a certain amount of assets.

there are exemptions under the law that protect your furniture, your personal possessions, musical instruments, sports equipment, cars; so people that have to file bankruptcy aren't looking at losing anything.

Additionally, you can keep up to $ 1,000 equity in personal property, such as furniture, art, and electronics, or $ 4,000 equity in personal property if you're not using the homestead exemption; up to $ 1,000 in equity of your vehicle — more if filing bankruptcy jointly with your spouse; and pensions and most retirement accounts, under federal non-bankruptcy exemptions.

Without the legal - speak, this means that Minnesota law protects many items of personal property (protected items are called «exemptions») from a bankruptcy sale.

Whether you're interested in learning more about Maryland exemptions, getting an idea of which type of personal bankruptcy would work best for your finances or taking the next step and filing bankruptcy, you may want to contact a bankruptcy lawyer.